MA Tunnel Crossover
Market Order opened
50 Pips (5 $)
TP1 at 100 Pips (10 $) / TP2 at 150 Pips (15 $) / TP3 at 200 Pips (20 $) / TP4 at 250 Pips (25 $)
(Chart done with FXCM)
On the hourly chart I use the 28EMA and the 18 EMA to determine the long term trend. Both form the red tunnel. The 5 LWMA (yellow) and the 12 LWMA (blue) show me when to enter a trade; they also help me to see the strength of the trend.
I only open a position, when the red tunnel is extremely narrow or crossed.
LONG: 5 LWMA and 12 LWMA cross the red tunnel upwards. If the 5 LWMA also crosses the 12 LWMA upwards, then the signal is ready to enter a trade. RSI >50.
SHORT: 5 LWMA and 12 LWMA cross the red tunnel downwards. If the 5 LWMA also crosses the 12 LWMA downwards, then the signal is ready to enter a trade. RSI<50.
For each trade I have a 5 Dollar Stop Loss. My Take Profit is between 5 and 25 Dollar.
On my account I risk for each trade LESS THAN ONE PERCENT. That means I need to have at least 500 Dollar on my account for one trade. If you trade all the Take Profit targets you should have at least 2.500 Dollar on your account. I am trading only Micro Lots.
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